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One issue advanced as four declined, although only three of the latter counted for market capitalisation. Bank of Bermuda closed unchanged at $34 after 1,400 shares changed hands. Bank of Butterfield also remained unchanged at $16.50 on a volume of 4...

Island's rules restricting foreign ownership in local companies, The Bank of Bermuda is proceeding with getting a secondary listing on the NASDAQ stock exchange. Bank president and chief executive officer Henry Smith stated yesterday that the bank wa...

underwriters have exercised in full their right to purchase an additional 3.15 million shares of Global Crossing stock at $19 a share. The underwriters, Salomon Smith Barney and Merrill Lynch, were granted the over-allotment option by Global Crossing...

strength rating from Standard & Poor's (S&P). It is the first time the youngish company has received a rating, which it can use to market itself to clients. "The rating is based on explicit and implicit support from American International Group Inc. ...

The Bermuda Connect Association began a campaign to expand membership in its secure electronic network for the Island last week. The network, currently made up of 21 member organisations with 2,500 users, has been operating on a trial basis using E-m...

Exchange, falling about six percent in value on a volume of 460,170 shares. The fall -- on hefty volume 460,170 shares -- drove the index down 50.16 points for the week, or 3.4 percent, to finish at 1,478.62 on a volume of 537,474 shares valued at $1...

Son Ltd. a deposit rating of "A3'', and a financial strength rating of "D plus'' because of the company's highly liquid, low-risk balance sheet and its modest, but predictable, core profitability. "Recent provisions and restructuring expenses have hu...

closer together to increase the potential for new opportunities. The networking organisation was formed by James Symonds upon his return to the Island from Scotland. He said it is important to let others know one's career objectives. He noted such a ...

to expand by buying up other companies. A Reuters report has stated that Bermuda-based ACE Ltd. and EXEL Ltd. may both be interested in buying NAC Re Corp., the 14th largest reinsurer in the US based on premiums written. "Speculation in the market is...

Most of the shares, 453,652, were traded as a big block at $27.50 early in the day, a fall of $5.50 or 17 percent in value from Thursday's close. Subsequent trades drove the stock back up to $29, then $30, then to $32. All of the subsequent buying wa...